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Luda Technology Group Ltd. (AMEX:LUD) shares are trading lower Thursday morning. The move appears to be a natural correction. It follows a massive rally during Wednesday’s session. Traders are likely taking profits after the stock gained over 24%.
Major Tender Win Details
Luda on Wednesday announced a subsidiary won a significant tender. The award comes from Shangdong Yulong Petrochemical Co., Ltd. The contract supports the Yulong Island Refining and Chemical Integration Project. This framework agreement covers medium and low-pressure stainless steel flanges.
Full story available on Benzinga.com
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